The global Identity and Access Management (IAM) in healthcare market was valued at USD 1.37 billion in 2023 and is projected to grow from USD 1.60 billion in 2024 to USD 5.57 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period from 2024 to 2032.
Market Overview
The IAM market in healthcare is rapidly growing as healthcare organizations continue to prioritize data security, privacy, and compliance. IAM solutions are critical for managing and securing access to sensitive patient data, ensuring that only authorized personnel can access confidential medical records and systems. These solutions help healthcare providers improve patient safety, reduce the risk of data breaches, and ensure compliance with regulatory standards such as HIPAA (Health Insurance Portability and Accountability Act).
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Key Growth Drivers
Increase in Cybersecurity Threats
The rise in cyberattacks targeting healthcare organizations has significantly boosted the demand for IAM solutions. Healthcare providers are increasingly adopting IAM systems to protect sensitive patient data and healthcare infrastructure from malicious threats and unauthorized access.
Government Regulations and Compliance Requirements
Strict regulatory frameworks such as HIPAA in the U.S., GDPR in Europe, and other local data protection laws are forcing healthcare organizations to implement robust identity and access management systems. These regulations mandate secure access controls to ensure patient data is protected, driving the growth of the IAM market.
Adoption of Cloud-Based Solutions
The growing trend of cloud computing in healthcare is driving the demand for cloud-based IAM solutions. These solutions offer scalability, cost efficiency, and flexibility, enabling healthcare organizations to manage user access across diverse environments securely.
Growing Focus on Patient-Centric Healthcare Models
As healthcare systems increasingly adopt patient-centric models, the need for secure and efficient management of patient data and healthcare access has become more crucial. IAM solutions facilitate secure access to patient records across various healthcare facilities, improving care coordination and patient outcomes.
Key Companies in the Identity and Access Management in Healthcare Market
- IBM Corporation
- Microsoft Corporation
- Okta, Inc.
- Ping Identity
- SailPoint Technologies
- CyberArk Software Ltd.
- OneLogin
- Oracle Corporation
- RSA Security LLC
- ForgeRock, Inc.
Recent Developments in the IAM Industry
July 2023:
Okta, Inc. launched a new IAM solution tailored for the healthcare sector, designed to simplify access management for healthcare providers while ensuring compliance with regulations like HIPAA. The solution focuses on providing seamless access to healthcare professionals while maintaining stringent security protocols.
March 2022:
IBM Corporation introduced an AI-powered IAM solution that integrates with existing healthcare systems to enhance user authentication processes and streamline access management across multiple platforms, improving both security and user experience.
Market Segmentation
The research study segments the IAM market in healthcare based on deployment type, solution, end-user, and region. This segmentation enables businesses to focus their efforts on specific segments to meet the evolving demands of the healthcare industry.
IAM in Healthcare Market, Solution Outlook (Revenue – USD Billion, 2020-2034)
- Single Sign-On (SSO)
- Multi-Factor Authentication (MFA)
- Identity Governance and Administration
- Privileged Access Management
- Directory Services
IAM in Healthcare Market, Deployment Type Outlook (Revenue – USD Billion, 2020-2034)
- Cloud-Based IAM
- On-Premise IAM
IAM in Healthcare Market, End-User Outlook (Revenue – USD Billion, 2020-2034)
- Hospitals
- Clinics
- Pharmacies
- Healthcare IT Providers
- Other Healthcare Facilities
By Regional Outlook (Revenue, USD billion, 2019–2032)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭:
The Identity and Access Management (IAM) in healthcare market is poised for rapid growth, fueled by increasing cybersecurity threats, stringent regulatory requirements, and the growing adoption of cloud-based solutions in the healthcare sector. As healthcare organizations place more emphasis on securing sensitive patient data and improving operational efficiency, IAM systems will continue to play a critical role in managing user access and ensuring data privacy. To stay competitive, companies in this market must continue to innovate and provide solutions that meet the complex needs of healthcare providers, ensuring compliance and security in a highly regulated environment.
𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐁𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
Consumer Identity and Access Management (CIAM) Market
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